Indonesian Ministry of Trade (MOT) issued a Regulation No. 36 of 2023 on Import Policy and Import Arrangement (āMOT Regulation 36ā), which tighten the flow of imported goods into Indonesia through import restrictions. After MOT Regulation 36 started effective on 10 March, there have been business disruptions due to black-out period, difficult requirements to obtain the import approval and longer lead times for customs clearance (piling up of containers at the port) ā eventually affecting…
The Indonesian government is currently trying to tighten the flow of imported goods into Indonesia. As part of that effort, the government aims to further amend Minister of Trade Regulation No. 25 of 2022 on Amendment of Minister of Trade Regulation No. 20 of 2021 on Policy and Arrangements of Import (“MOT Regulation No.25/2022”). The revision involves changing the import trading system for several types of commodities from “post-border” to “border”. The difference between the…
Baker McKenzie’s Global Compliance News Blog published “Indonesia: New regulation on self-consumed imported goods: what Indonesian importers should consider,” which can be viewed here.
Baker McKenzie’s International Commercial & Trade Blog published “Regional Comprehensive Economic Partnership Agreement (RCEP),” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Indonesia: New Integrated Import Guidelines” which can be viewed here.
Baker McKenzie’s InsightPlus published “Indonesia: Government simplifies the regulations on goods prohibited for export and import,” which can be viewed here.
Baker McKenzie’s Insight+ Blog published “Indonesia: Economic opportunities arise with Indonesia-European Free Trade Association Comprehensive Economic Agreement,” which can be viewed here.
Baker McKenzie’s Insight+ Blog published “Indonesia: The imposition of safeguard import duties on apparel and its accessories,” which can be viewed here.
Baker McKenzie’s InsightPlus published “Indonesia: Minister of Trade imposes more restrictions on the import of finished products by manufacturers – Is it time to restructure?,” which can be viewed here.
Singaporeās Ministry of Trade and Industry announced that on 9 April 2021, Singapore deposited its instrument of ratification with the Secretary-General of ASEAN and became the first country to complete the official process for ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement. It is understood that China, Japan and Thailand completed their domestic procedures to approve RCEP, but apparently have not deposited their instruments of ratification with ASEAN. RCEP is the world’s largest free trade agreement and…